Monday 20 November 2017
 
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payments

Global corporates urge banks to use Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter, stating their support for the Swift global payments innovation (gpi) and encouraging banks wor

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Digital finance ‘can boost growth in EM’

Digital finance—financial services delivered via mobile phones or the Internet—could be a boon to businesses and governments across the developing world, boosting GDP and making financial inclusion a reality, a report said.

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Digital finance ‘can boost growth in EM’

Digital finance—financial services delivered via mobile phones or the Internet—could be a boon to businesses and governments across the developing world, boosting GDP and making financial inclusion a reality, a report said.

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IBM, Visa team up for payments via IoT

IBM and Visa announced the industry’s first collaboration that brings the point of sale everywhere Visa is accepted, by allowing businesses to quickly introduce secure payments for any device connected to the Internet of Things (IoT).

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IBM, Visa team up for payments via IoT

IBM and Visa announced the industry’s first collaboration that brings the point of sale everywhere Visa is accepted, by allowing businesses to quickly introduce secure payments for any device connected to the Internet of Things (IoT).

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Swift explores blockchain in new payments initiative

Swift has announced the launch of a Proof of Concept (PoC) to explore whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro databases in real time, optimising their global liquidity.

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Saudi Arabia to pay dues by year-end

Saudi Arabia's government will pay by next month the money it owes private companies, a committee headed by Deputy Crown Prince Mohammed bin Salman was quoted as saying. The Council of Economic and Development Affairs came up

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Saudi Arabia to pay dues by year-end

Saudi Arabia's government will pay by next month the money it owes private companies, a committee headed by Deputy Crown Prince Mohammed bin Salman was quoted as saying. The Council of Economic and Development Affairs came up

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Saudi payments to contractors will increase soon, says minister

The payments to contractors working on mega projects in Saudi Arabia have been regularised and will rise in the coming period, said a report citing the kingdom's finance minister. Ibrahim Al Assaf pointed out that delays in st

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Saudi adopts Gregorian calendar for payments

Saudi Arabia has decided to switch from the Hijri calendar to Gregorian calendar for payment of salaries, wages, bonuses and allowances to all civil sector employees. The decision will be effective from October 1 and has been done

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